That Whole Oculus Lawsuit Hinges on What Makes Code ‘New’
What exactly does it mean to steal code? https://t.co/OQtczXQauQ — Financial Technology (@fin_tech) January 21, 2017
View ArticleBank monitoring incentives under moral hazard and adverse selection....
In this paper, we extend the optimal securitization model of Pag\`es [41] and Possama\"i and Pag\`es [42] between an investor and a bank to a setting allowing both moral hazard and adverse selection....
View ArticleThe Value of Timing Risk. (arXiv:1701.05695v1 [q-fin.PR])
The aim of this paper is to provide a mathematical contribution on the semi-static hedge of timing risk associated to positions in American-style options under a multi-dimensional market model. Barrier...
View ArticleThe Internet as Quantitative Social Science Platform: Insights from a...
With the large-scale penetration of the internet, for the first time, humanity has become linked by a single, open, communications platform. Harnessing this fact, we report insights arising from a...
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London Metal Exchange Chief Executive retires
Hong Kong Exchanges and Clearing Limited (HKEX), The London Metal Exchange (LME) and LME Clear (LMEC) (wholly-owned subsidiaries of HKEX) announced today (Monday) that Garry Jones, the LME’s Chief...
View ArticleSocial Media and Fake News in the 2016 Election -- by Hunt Allcott, Matthew...
We present new evidence on the role of false stories circulated on social media prior to the 2016 US presidential election. Drawing on audience data, archives of fact-checking websites, and results...
View ArticleHow Do Patents Affect Research Investments? -- by Heidi L. Williams
While patent systems have been widely used both historically and internationally, there is nonetheless a tremendous amount of controversy over whether patent systems - in practice - improve the...
View ArticleWhen Children Rule: Parenting in Modern Families -- by Sebastian Galiani,...
During the 20th century there was a secular transformation within American families from a household dominated by the father to a more egalitarian one in which the wife and the children have been...
View ArticleDesigning Women: Consumer Goods Innovations in Britain, France and the United...
Economic studies typically underestimate incremental changes in consumer goods and design innovations that enhance allocative efficiency and structural dynamics. This paper assesses over 12,000...
View ArticleRegressive Sin Taxes -- by Benjamin B. Lockwood, Dmitry Taubinsky
A common objection to "sin taxes"--corrective taxes on goods like cigarettes, alcohol, and sugary drinks, which are believed to be over-consumed--is that they fall disproportionately on low-income...
View ArticleEstimating the Employment Effects of Recent Minimum Wage Changes: Early...
This paper presents early evidence on the employment effects of state minimum wage increases enacted between January 2013 and January 2015, and offers an interpretative framework to understand why it...
View ArticleBacktesting European Stress Tests -- by Thomas Philippon, Pierre Pessarossi,...
We provide a first evaluation of the quality of banking stress tests in the European Union. We use stress tests scenarios and banks' estimated losses to recover bank level exposures to macroeconomic...
View ArticleNot-for-Profit Entities Industry Developments, 2016: Audit Risk Alert
You'll find targeted discussion of emerging practice issues, plus current economic, accounting and auditing developments.read more...
View ArticleCodification of Statements on Standards for Accounting and Review Services:...
This 2016 edition includes the authoritative standards and interpretations applicable to preparation, compilation, and review engagements. These standards provide the requirements for practitioners...
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The Financial Report of the United States Government 2016
Composition of Liabilities 1994-2016read more...
View ArticleInvariance properties in the dynamic gaussian copula model *....
We prove that the default times (or any of their minima) in the dynamic Gaussian copula model of Cr{\'e}pey, Jeanblanc, and Wu (2013) are invariance times in the sense of Cr{\'e}pey and Song (2017),...
View ArticleAn applied spatial agent-based model of administrative boundaries using SEAL....
This paper extends and adapts an existing abstract model into an empirical metropolitan region in Brazil. The model - named SEAL: a Spatial Economic Agent-based Lab - comprehends a framework to enable...
View ArticleEstimation of Risk Contributions with MCMC. (arXiv:1702.03098v1 [q-fin.RM])
Determining risk contributions by unit exposures to portfolio-wide economic capital is an important task in financial risk management. Despite its practical demands, computation of risk contributions...
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